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ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 mySAP Business Suite !e"!

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1. What are the essentials of SAP’s product strategy ( in just a few words) 2. MySAP usiness suite contains the following! ("hoose the right answers) a. cross industry solutions . industry solutions c. technology d. ser#ices $. SAP a. . c. d. usiness o ject consists of attri utes %ethods attri utes and %ethods none of the a o#e

&. what is long for% of 'AP( ). 'AP( is assigned to one and only one usiness o ject a. true . false *. what are the new di%ension products of SAP in cooperati#e usiness scenario +. what are two %ajor ele%ents of %ySAP.co% N$!i%$ti n 1. ,ou can only wor- in one window (session) at a ti%e in an SAP syste% a. true . false 2. which of the following state%ents accurately descri e a client in an SAP syste% a. a client represents a co%pletely independent usiness entity . a client has its own data ase c. a client corresponds to a custo%er d. a client %ay represent an entire co%pany $. the following strings are #alid entries in the co%%and field! "hoose the correct answers. a. .nend . .ne/ c. 0SM1& d. .ns%1& e. fro% SAP easy access! SM1& f. fro% SAP easy access! search2sap2%enu &. you a. . c. d. e. can use the 31 -ey to display an e/planation of a field’s uses display a list of possi le input #alues change your user data (e.g.4 the logon language) end the session you are in display detailed

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ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 ). you a. . c. d. e. can use the 3& -ey to start another session display detailed technical infor%ation on a progra% call the SAP li rary display possi le entries for an input field create a print re5uest of the screen currently displayed

*. you can also call the conte/t sensiti#e SAP li rary using the 31 -ey a. true . false +. the a. . c. d. e. f. following personali6ation options are a#aila le in the SAP789( you can change the font si6e (within li%its) you can ha#e syste% %essages displayed in a dialog o/ you can change the si6e of input fields you can suppress the display of pictures e#ery user can display a picture of their choice on the SAP easy access screen you can use a personal input history on your front end

:. what is the %a/i%u% no. of parallel sessions that you can open ;. what is the na%e of the function you reach if you choose! tools  ad%n  %onitor  syste% %onitoring  user o#er#iew0 What transaction code could you use to call this transaction instead of the %enu 11. <.$ syste% contains a. data ase ser#er only . application ser#er only c. presentation ser#er only d. all of the a o#e 11. all a. . c. data and progra%s are contained in application ser#er data ase ser#er none of the a o#e

12. %a/i%u% no. of sessions a user can open when he logs on to SAP a. one . three c. fi#e d. si/ 1$. what are the three ser#ers of <.$ syste% 1&. to delete the current session4 what co%%and is used 1). where you can find transaction code for the function you are wor-ing in 1*. which -ey is used for help on fields4 %enus4 function4 %essages

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ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 a. . c. d. can e assigned to se#eral co%pany codes can e defined as a group chart of accounts only contains definitions of 8.> accounts can only e assigned to one co%pany code

2. which state%ents are correct! a. the field status tool ar controls the docu%ent type4 the posting -ey and the account no. . you can control the issue of docu%ent nos.4 #ia the account type c. the ta/ rate and ta/ indicator are pre7set y SAP for each country d. you can use the field status tool ar to control the characteristics of the docu%ent fields $. the a. . c. d. length of 8.> account no. should e %entioned in 8.> account groups 8.> account "hart of accounts ?one of the a o#e

&. Which of these state%ents on docu%ent principle are correct a. <.$ can assign the docu%ent nos. always . A usiness e#ent can trigger only one docu%ent within <.$ c. @ach usiness e#ent creates an account docu%ent in <.$ d. <.$ will lin- related docu%ents in the syste% ). All 3( entries will e repeated in "= %odule also a. true . false B$si' settin%s 1. ,ou can assign a usiness area to a co%pany code directly a. true . false 2. which of the predefined fiscal year #ariants are a. calendar year . year specific $. for what purposes are year specific fiscal year #ariants used &. na%e the tools for %aintaining the e/change rates ). what -eys are used to define currencies *. na%e three co%%only used e/change rate types and what they are used for +. fiscal year can e a. year dependent . year independent c. oth year dependent and year independent :. fiscal year which is a calendar year can ha#e a. 12 nor%al periods . less than 12 nor%al periods c. %ore than 12 nor%al periods

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which chart of accounts is used for consolidation 21.what are the two seg%ents of a chart of accounts 21. at what le#el is #endor account defined 22. one local currency only . in case of non calendar fiscal year4 annual displace%ent indicator is used a. false 1. which of the following is true in relation to SAP features a. false 1*. of local currencies d. co%pany code can ha#e a. how %any characters does a co%pany code ha#e 1+. co%pany can use direct e/change rate only c. usiness areas are co%pany code specific . none of the a o#e 1$.. %ore than 12 periods c. any no. %ore than one plant can e attached to a single co%pany code a. 12 periods . which of the following is true a. shortened fiscal year can ha#e a. what is the highest le#el ele%ent of organi6ational units 1&. purchasing is done y what organi6ation and for who% 4 . co%pany can use oth indirect and direct e/change rates 12. what is the usiness unit where cost accounting is carried out in SAP 1). true . usiness areas are used for reporting across co%pany codes d. true . true . usiness areas are co%pany dependent a. false 2$. none of the a o#e 11. usiness areas are assigned to co%pany codes c. true . should ha#e less than 12 periods 11. one chart of accounts cannot e assigned to %ore than one co%pany code a. co%pany can use indirect e/change rate only .ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 .. two local currencies c. false 1:. less than 12 periods d.

%ore than one cash journal can ha#e the sa%e cash account a.. true . what is the %ain criteria for defining asset 2. what is the ele%ent other than docu%ent header in an 3( docu%ent $2. group chart of accounts is used for consolidation a. what is a ase a%ount &1.posting -eys contain further specifications for account assign%ent in ta/ calculation procedure a. true . what are the three steps for standard procedure for procure%ent transactions in 3( 2). true . false &1. true .> account. 8. %ore than one plant can e attached to a single co%pany code a. false $). what areas are used to -eep %ore than one #aluation asis for depreciation $1. range can e oth internal and e/ternal a. what does a ta/ code contain &2. in which case sa%e docu%ent nu% er will e ta-en for a new financial year $&. false 2+. at what le#el a #endor account is defined $*. false $+. true . what is the central organi6ational structure in profita ility analysis 2*. false $. what docu%ent is created when recei#a les and re#enues are posted in SA %odule 2:. se#eral co%pany codes can use the sa%e posting period #ariant a. true . false $$.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 2&.. reconciliation account type for #endor is B and for custo%er it is A 5 . false $:. you can close a financial year e#en if you ha#e par-ed docu%ents a. false $1. one co%pany code %ay contain se#eral sales organi6ations a. true . true . docu%ent no.

ou %aintain a custo%er.> accounts that are %anaged in local currency can only e posted to in this currency a) true ) false 11. a) true ) false +. one nu% er range can only e assigned to one account group a) true 1*. in consolidation4 to which are co%pany codes and usiness areas attached M$ste" "e' ")s 1. 2222222222 contain the total of the transaction figures for the corresponding su ledger groups *. ?a%e possi le field status definitions in the order of their priority $. if an account is %anaged with open ite%s4 then line ite% display %ust e acti#ated a.ou can always display the line ite%s of a 8.#endor %aster records 222222222222 if you create the 3( seg%ents at the sa%e ti%e as the SA. <econciliation accounts are updated on a daily asis. . A 8. 2222222 no.> accounts with open ite% %anage%ent %ust ha#e line ite% display acti#ated a) true ) false . true .D syste% assigns the nu% er auto%atically 1+. Aifferent co%pany codes can use the sa%e222222222222 &..ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 a. Che 22222222 controls the field display for the co%pany code data in the 8. . 8. 8. ecause co%pany codes use different operational chart of accounts4 you cannot carry out cross co%pany code controlling a) true ) false 12. a co%plete custo%er account consists of the following parts! 2222222222222 1$.> account consists of which seg%ents 2.> account %aster record ). true . false &$.> account a) true ) false :. a co%plete #endor account consists of the following parts! 222222222222222222 1&. 8. assign%ent %eans that the <.MM seg%ents ) false 6 . false &&.> accounts that are %anaged in foreign currency can only e posted to in this foreign currency a) true ) false 11.#endor accounts %ust always e %aintained centrally a) true ) false 1). the custo%er.

create chart of account d.can contain the na%e of the anand the account no. creation of duplicate accounts in AP is pre#ented y using a. the co. the 8. account group entered in the chart of account seg%ent . if we are using sa%e chart of account in %ore than one co%pany code a. account nu% er . you can directly post to the reconciliation accounts e.can e defined to co%pany code that differ fro% the chart of account 22. Crue .> account na%e of the house an. the appearance of the co%pany code seg%ent of a 8. add co%pany code seg%ent to chart of accounts seg%ent .%aster records are correct a. 8.> account na%e of the house an-s has to concur to the na%e in the an. assign%ent of group chart of accounts in chart of accounts d.> account at the house an. the appearance of an account %aster data is ased on a. the 8. account na%e and account nu% er is the sa%e in all co%pany codes c. #endor %aster records can ha#e 22222222 or 22222222 no. create oth co%pany code seg%ent and chart of seg%ent c. a 8. which state%ents regarding the an. the group account nu% er is different in all co%pany codes 2&. the 8.> account eco%es co%plete if we a. sensiti#e dual control 7 .> account na%e of the house an.-ey directory . copy chart of account seg%ent fro% other co%pany code 2$. the accounts group controls the screen layout of the chart of accounts seg%ent c. false a.> accounts %ust carry a ta/ indicator d. the na%e for the 8. all 8.> account consists of a chart of accounts and one or %ore co%pany code seg%ents .> accounts ha#e 22222222 no. none of the a o#e 2).ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1:..> account is ased on a. assign%ent 1. d.is defined in chart of accounts e. the account currency is stored in the chart of accounts seg%ent 21.is freely defina le c. the 8. %atch code efore creating the new account . co%pany code seg%ents are sa%e in all co%pany codes . chart of accounts d. code data of a custo%er.> account na%es of the house an. field status c. group account nu% er entered in chart of accounts seg%ent c. none of the a o#e 2*. assign%entE custo%er . currency in co%pany code seg%ent in all co%pany codes are sa%e d.#endor %aster record consists of 22222 areas4 #i6! 222222 (ta pages) 21. the 8.

> account -eeps the data li-e general data a) true ) false 8 .na%e and account no. none of the a o#e 2:.> account na%es for house an-s are defined in the an. all of the a o#e $1. the 8.. the 8. chart of accounts #iew of 8.directory e. at co%pany code le#el4 8. none of the a o#e 2.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 c. specific to co%pany code . We cannot control the postings in the 8. Ca/ codes are ti%e dependent a) true ) false $+.> account na%es for house an. switching on auto%atic duplication checd. Ca/ codes are created at co%pany code le#el a) true ) le#el $*.> account na%es for house an-s can e different fro% those in chart of accounts $1..> y way of ta/ code entry for a 8. Furisdiction codes are not used at all while creating ta/ codes a) true ) false $:. chart of accounts can ha#e %ore than one retained earnings account d. which of the following is true a. chart of accounts can ha#e on retained earnings only e. which of the following state%ents are correct a. specific to chart of accounts d.could e the an.> account na%e for house an-s %ust %atch the na%es gi#en to the house an. Ca/ codes are created and operated at country le#el a) true ) false $). "urrency is a re5uired field entry while creating 8. which of the following is true a. 8. co%pany code can ha#e %ore than one retained earnings account c. retained earnings account is a. account group controls the docu%ent field status . <econciliation account definitions are a#aila le in general data and #endor %aster a) true ) false &1. d. co%pany code can ha#e one retained earnings account only . the 8. the 8. account group controls the %aster record field status d. (n AP G A<4 account group cannot e created with e/ternal nu% er range a) true ) false $.$ a) true ) false $2.directory . specific to client c.> account na%e for house an-s are user defina le c.in the an. none of the a o#e 2+.> %aster created is always for all co%pany codes in <.> %aster a) true ) false $$. account group controls the nu% er range c.> account a) true ) false $&.

single retained earnings accounts auto%atically c. under all circu%stances &). planning le#els in 8. there is no default e/change rate type &:.S &&. e/change rate %aintained for type 8 d. field status of %aster fields4 nu% er range and whether accounts are PG> . you can post transactions to an account in any currency only if a. account currency is sa%e as local currency of co%pany code c. field status of %aster fields and nu% er range d.> accounts are perfor%ed on following accounts a.> accounts4 nu% er ranges are attached to 8. generating 8.. '. a) true ) false &$4 account groups are used to control following properties a. account currency is different fro% co%pany code currency d. planning %e%o entries in treasury c. e/change rate %aintained for type ' . classifying transactions pertaining to cash flow d. field status of transaction field . classifying 8. %ultiple retained earnings accounts auto%atically .> accounts as per '.S for%at &*.cr indicator d. field status of %aster fields c. all accounts %anaged on open ite% asis c. single retained earnings account through period end closing &+. fiscal year #ariant can e of two types.cr indicator and sa%e entry &. in case of 8. a%ount4 opposite dr. usiness area4 a%ount4 opposite dr.> accounts. %ultiple retained earnings accounts through period end closing d. all accounts %anaged on open ite% asis and all accounts with currency different fro% local currency 9 . all accounts .cr indicator and sa%e entry in fields that are configured for auto clearing .> planning . a%ount4 opposite dr. default e/change rate pic-ed up during 3( docu%ent entry is a. foreign currency #aluations on 8. you can carry forward PG> account alances to a. you can clear open ite%s only when they ha#e sa%e a. account currency is not %aintained .ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 &1. e/change rate %aintained for type M c. ?a%e the% &2.> accounts are used for a.cr indicator c. usiness area4 opposite dr.

Posting -eys are used to decide a. wor-lists d. account assign%ent %odels c. $ local currencies4 co%pany code )*. accounts %anaged on open ite% asis ha#ing foreign currency transactions and all accounts with account currency different fro% local currency )1.> applica ility )). easily entered docu%ent entry te%plates are called a. docu%ent currency c. how %any parallel currencies are possi le and at what le#el they are assigned a. 2 local currencies4 coa . local currency .> line ite%s d.cr indicator4 field status of transaction screen4 account types . account groups . custo%er. dr. any currency for which custo%i6ation is done 10 . posting #endor.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 d.cr indicatgor4 field status of transaction screen4 special 8.cr indicator4 account types c. dr. dr.> applica ility d. 2 local currencies4 co%pany code d. (n#oice receipt against 8< )$. e/ternal c. %anually assigned )+. financial state%ents can e generated in a. sort -ey c. ".#endor line ite%s . dr. alancing 'A le#el '.cr indicator4 account types4 field status of transaction screen4 special 8. chart of account currency d. internal. $ local currencies4 coa c. when you re#erse a posted docu%ent4 docu%ent nu% er %ust e a. fast entry screens in 3( are used to enter a.custo%er reclassification at 'A le#el )2. sa%ple docu%ents . posting adjust%ent entries for changed reconciliation accounts d. 8. totals #ariant )1. recurring docu%ents )&.> line ite%s c.H4 8.lists d.e/ternal d. you run 'A. internal .S for inter 'A transactions .S for inter co%pany transactions c. wor. you can display account alance of se#eral related accounts through a. alancing co%pany code le#el '.P" adjust%ents for a.

assign%ent again at the start of the no. na%e two ele%ents that influence the field status of docu%ent fields 11. 1+. no %ore than two periods can e open at the sa%e ti%e a) true 21. 22222222nos. ranges can e assigned to a docu%ent type si%ultaneously . a posting period #ariant %ust contain at least one line with the entry 2222222222222 1:.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 D 'ument ' nt" ( 1. each 222222 has a field status group 1*. fro% following4 state how the te/t field will e treated on docu%ent entry screen a) if te/t is hidden per posting -ey4 te/t optional as per field status group4 then 22222 will e in docu%ent entry screen ) if te/t is optional as per posting -ey4 te/t is re5uired as per field status group4 then it will e a 222222 in docu%ent entry screen c) if te/t is re5uired as per posting -ey4 te/t is hidden as per field status group4 then it will e an 222222 in docu%ent entry screen 12. the account range in the posting period #ariant consists of 22222222 1. the authori6ation group in the posting period #ariant applies only to authori6ation for posting in special periods a) true ) false 11 . if the user assigns the docu%ent nu% er %anually4 this is 2222222no. how %any no.. e#ery co%pany code %ay define its own docu%ent types a) true ) false ) false ). assign%ent $. range a) true ) false +. %ay e alphanu%eric &. ranges %ust not o#erlap a) true ) false :. the 22222 group controls the field display during docu%ent entry 1). posting -eys are defined at client le#el a) true ) false 1&.> account postings and on which side of the account do they post to 1$. what are the %ost i%portant control functions of a posting -ey 11. range a) true *. what are the standard posting -eys for 8. e#ery co%pany code %ay define its own docu%ent no. at the eginning of a new fiscal year4 the syste% always starts the docu%ent no. docu%ent no. posting periods are opened and closed auto%atically a) true ) false ) false 21. the posting period #ariant is assigned to the 222222222222.what are the %ost i%portant control functions of the docu%ent type 2..

field status groups are #ariant principle 2&. one no. opening and closing of periods to e done for each co%pany code . field status definition Isuppressed’ and Ire5uired’ can not e co% ined d. the field status of header te/t and reference no.. docu%ent posting date4 #alue date4 ase line date4 syste% date4 and due date in the entry screen of custo%er. docu%ent no. account types allow line ite% postings ased on posting -ey c. c.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 22. range can internal and 222222222 $&. which of the following state%ents are true a.#endor in#oice are sa%e a) true ) false 2. which of the following are true if we are using the sa%e posting period #ariant for se#eral co%pany codes a. "usto%i6ing is a#aila le in account %aster and field status groups a) true ) false 2+. it is not possi le to see docu%ent currency and co%pany code currency at the sa%e ti%e during docu%ent display option a) true ) false 2:. we can %aintain different special periods for each co%pany code 2). range can e assigned to se#eral docu%ent types a) true ) false ) false $*. when e#er an 3( entry is %ade4 we want docu%ent header te/t is re5uired to e %ade %andatory. 22222222 and 22222222 are two ele%ents of 3( docu%ent $$. which of the following state%ents are true4 when you are considering %ajor controls of docu%ent types a. one docu%ent type can ha#e %ore than one no. ased on the docu%ent date entry4 syste% will deter%ine the posting period and fiscal year c. posting -eys d. if you display the alances of an account4 the transaction figures for the posting periods are displayed 2*. the account types allowed for postings . in case of 222222222 no. will e ta-en for a new fiscal year $). posting -eys are defined at client le#el . none of the a o#e 2$. which of the following state%ents are true a. it is possi le to define standard translation %ethod of foreign currency in the posting -ey a) true ) false $1. range a) true ) false 12 . we can open two period ranges during the ti%e of closing process . range4 sa%e docu%ent no. one no. syste% allows you to enter the date inter#al Ifro% and to’ in case of foreign currency translation rate a) true ) false $1. range can e assigned to se#eral docu%ent types a) true $2. we cannot use sa%e posting period #ariant for se#eral co%pany codes c.

a field status within an 3( docu%ent is controlled y three factors4 #i6.> accounts 1+. which cash discount accounts are used in the gross procedure0 11. which cash discount accounts are used in the net procedure0 11. ta/ a%ounts of across co%pany code transaction are auto%atically distri uted to the co%pany codes in which the e/penses or re#enues occurred a) true ) false 1*. is changed a) true P stin% ' nt" ( 1. 13 . while posting a par-ed docu%ent4 docu%ent no. what data is re5uired for the auto%atic account deter%ination for ta/ a%ounts0 1$. What are the two prere5uisites that should e fulfilled in order to process the negati#e postings &.4 $:. @#ery install%ent of an install%ent plan %ust ha#e its own ter%s of pay%ent a) true ) false +. ?a%e two possi le ways to re#erse a docu%ent $. Che day li%its define the dates of cash discount periods a) true ) false ) false *. "redit %e%os can e lin-ed to in#oices to ensure that in#oice and credit %e%os are due on the sa%e date a) true ) false ). na%e the two types of ta/ation that can e represented in the syste% 12.. cross co%pany code clearing accounts %ust e 8. >ist so%e sources of #alues that are defaulted y the syste% for docu%ent entry 2.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 $+. list two e/a%ples for cross co%pany code transactions 1&. descri e the co%ponents the syste% uses to create cross co%pany code transaction no. the 2222222222 is the date that the syste% uses to deter%ine the due date of the in#oice . the co%pany code of a cross co%pany code transaction %ay ha#e different local currencies 1:. a cross co%pany code transaction consists of at least two docu%ents a) true false ) 1). ter%s of pay%ent is a field in the 222222 and 2222222 of the custo%er %aster record :.

account group of the 8. a clearing docu%ent %ust ha#e at least two line ite%s a) true ) false &. operati#e coa c. all of the a o#e 21. due date only c. a 222222 results in the open in#oice and the inco%ing pay%ent re%aining in the custo%er account as open ite%s ) 14 . posting -ey is lin-ed to field status in 3( posting a) true ) false ) false 2).> account of a. country coa d. cash discount only d. posting in a 8. a 2222222 residual ite% clears the in#oice and the pay%ent to create a new open ite% 11. posting a pay%ent for an open in#oice with a resulting 6ero alance is an e/a%ple of 222222 .> account is controlled y a. negati#e posting is one %ethod of docu%ent re#ersal a) true C(e$"in% 1.> account . the posting -eys to e used in the clearing docu%ent are defined in Iclearing transactions’ a) true ) false *.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1.postings in a co%pany code are done in 8. field status group in the coa seg%ent c. na%e 2 asic transactions that you can use to clear open ite%s 2. y %entioning ase line date4 cash discount periods and cash discount percentage rate in pay%ent ter%s syste% will calculate a. it is not possi le to calculate the due date on fi/ed dates li-e end of %onth with days calculation a) true ) false 2&. pay%ent ter%s are co%pany code dependent a) true ) false 2$. none of the a o#e 21. the auto%atic clearing progra% cannot carry out auto%atic postings a) true false +. posting with clearing can e carried out for se#eral accounts si%ultaneously a) true ) false ). all of the a o#e 22. docu%ents with open ite%s cannot e archi#ed ecause open ite%s represent inco%plete transactions a) true ) false $. due date of in#oice and cash discount .. clearing a credit %e%o with an open in#oice is an e/a%ple of 2222222222 :. field status group in the co%pany code seg%ent d.. consolidation coa .

> accounts with open ite% transactions in foreign currency %ust e assigned to the re#enue. SAP does not allow ill of e/change accounting a) true +. and the clearing date is entered in the cleared open ite%s. Che clearing docu%ent no. in a. the specification for per%itted pay%ent differences can e found in oth types of tolerance groups. all reconciliation accounts and all 8. of ways the 8. down pay%ent creates another entry without any lin-s to the original entry a) true ) false &.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 11.> accounts a) true ) false 2.> a) true ) false $.> accounts %ust e defined for e/change rate losses or gains a) true 1$. d.> account can e deter%ined for e/change rate differences 1&.> transactions are posted to 8. clearing does not create any docu%ent in SAP a) true ) false ) false 1. Che clearing date can e the current date or a date that the user deter%ines. processing open ite%s (custo%er)4 you can acti#ate or deacti#ate open ite%s re#erse the open ite%s acti#ate or deacti#ate the cash discount enter partial pay%ents or residual ite%s ) false ) 1). using Iaccount clearing’ function4 choose a %atch those e/isting open ite%s fro% an account that alance to 6ero.A< a) true Aut m$ti' *$yments ) false ) false ) false ) false 15 . Che syste% %ar-s the% as cleared and creates a clearing docu%ent.. list the no.all special 8. residual pay%ent creates another entry -eeping all entries open a) true ).$ syste% generates the e/change rate differences auto%atically a) true false 12. pay%ent re5uest clears the entries in AP. 8.e/pense accounts for reali6ed losses and gains a) true ) false 1:. the <. State whether this state%ent is a) true ) false 1*.> transaction which is posted in 8. Chey control the auto%atic posting of cash discount adjust%ents and unauthori6ed deduction a) true ) false 1+. c. it is not possi le to create a due date for a down pay%ent a) true *. . pay%ent cannot e %ade y adjusting a special 8. it is user defined where SAP will control open ite% selection a) true S*e'i$( G+L t"$ns$'ti ns 1.

e. e. which of these state%ents on pay%ent progra% are correct a. e#ery run of the pay%ent progra% is identified y two fields a. the se5uence in which the pay%ent %ethods are entered in the 222222222reflects their priority *..> transaction to e paid4 we can process special 8. the e/ception list is part of the pay%ent proposal a) true 11.collected post pay%ent docu%ent print print %edia 11. the pay%ent progra% needs the 2222222222 to deter%ine whether an open ite% has to e paid now or in the ne/t pay%ent run ). the run date is reco%%ended to e the actual date when the progra% is e/ecuted .can e re%o#ed in pay%ent proposal edit . na%e the si/ areas into which the pay%ent progra% configuration is di#ided $.custo%er.print print %edia select open in#oices to e paid. which of the following are true a.post pay%ent docu%ent post pay%ent docu%ents. there are four steps in pay%ent process i. d. only line ite% pay%ent loc.> transaction only 16 . sending co%pany code and paying co%pany code are sa%e always . in a. y specifying #endor. the 2222222 specify the accounts and docu%ents that are to e included in the pay%ent run &.can e re%o#ed during pay%ent proposal c. a pay%ent %ethod can e used only if it is entered in the account %aster record a)true )false :. Which of the following state%ents are true a.>ist the fi#e steps in the pay%ent progra% 2. ite%s that cannot e paid are detailed in the e/ception list 12. once the para%eters ha#e een specified4 the print progra% is scheduled to generate print %edia 1$. which of the following state%ents are true (ref! print progra%7all codes area) a.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1. identification 1&. the field Iidentification’ is used to run print progra% 1). run date . . any pay%ent loc. ) false the pay%ent process4 auto%atic option to the users are select open in#oices to e paid or collected.special 8. all the co%pany codes in the pay%ent run para%eters %ust e in the sa%e country a) true )false +.4 para%eters4 proposal4 progra%4 print . the pay%ent proposal can e edited4 deleted and recreated as often as necessary a)true )false . c.

> a) true ) false $2.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 c.to the original entry a)true ) false 2&. all co%pany codes in pay%ent run para%eters %ust e in sa%e country a) true ) false 1. it is not possi le to #oid unused chec-s a) true ) false 2*. which will %a-e a direct posting into 8. it is not possi le to show the chec. define chec.lot in order to print chec-s . it is not possi le to use two chec. which of the following state%ents are true0 (ref! pay%ent progra%7 andeter%ination area) a.with a #alue range y a user a) true ) false 2:.selection4 syste% will not process the pay%ent 1+.> entry without AP.. partial pay%ent creates another entry without any lin. we cannot create %anual chec-s for pay%ent to usiness partners and update in the syste% a) true ) false $1.lots are used only for auto%atic pay%ents 1:. if we are using chec.pay%ent %ethod co% ination is %ust to define ran-ing order c.state%ent entry into SAP does the auto clearing a) true ) false $1.A< is a standard functionality of SAP a) true ) false 2. an-. pay%ent to any ody y passing a 8.%anage%ent4 which of the state%ents is true a.state%ent entry4 we can %a-e entries li-e an. SAP cannot auto%ate the pay%ent %ethod entry into the #endor in#oice screen a)true )false 2$.the pay%ent proposal can e edited4 deleted and recreated as often as desired a)true )false 21. a pay%ent %ethod can only e used if it is entered in the account %aster record a) true ) false 21. an. chec. without ran-ing order4 syste% will not process the pay%ent .is a standard functionality in SAP a) true ) false 2+. y acti#ating pay%ent %ethod supple%ent4 we can print and sort pay%ents 1*. re#ersal of #oid chec.series for %a-ing pay%ent a) true 2).de its for ancharges4 co%%ission4 etc.. through an. e/ception list is a part of pay%ent proposal a) true ) false 22. without %aintaining the #alue date in an. pay%ent to #endor of a specific ill cannot e loc-ed in SAP a) true ) false ) false 17 .

details and updating against an in#oice a) true ) false $&. custo%ers without dunning procedure in the %aster record are dunned with a default dunning procedure a)true ) false $. after the dunning proposal has een created4 changes to the dunning data in ite%s or %aster records are ignored in the current dunning run a) true ) false 1). a dunning notice is only sent if the dunning data has changed since the last dunning run4 or if Ialways dun0’ is selected a) true ) false 1&. 222222222222 is the date fro% which the due date is deri#ed $). it is possi le to dun #endors as well as custo%ers a)true )false ). the dunning run updates the dunning data in the dunned ite%s and accounts a) true )false 1$. custo%er %a-es %ultiple chec. if custo%er in#oice is created in SA4 then pay%ent ter%s fro% 222222222 seg%ent will e defaulted Aut m$ti' )unnin% 1.. if dunning areas are not used4 dunning is perfor%ed at the co%pany code le#el a)true )false &. the Irun date’ is always the date when a certain dunning run is supposed to e started a) true ) false *. list so%e reasons why o#erdue ite%s %ight not e dunned :. the para%eters specify the accounts and docu%ents that are to e considered in the dunning run a) true ) false +. an account is only dunned if all the o#er due ite%s ha#e e/ceeded the %ini%u% days in arrears a) true ) false 12. one dunning for% can e used for all dunning le#els and dunning areas a) true ) false 18 . (t is not possi le to enter in SAP y -eeping all the chec.list the four steps that ha#e to e ta-en y the dunning progra% to perfor% the auto%atic dunning procedure 2. e#ery dunning procedure %ust ha#e at least four dunning le#els a) true ) false 11. >ist the %ain steps in#ol#ed in creating the dunning proposal .pay%ents for one in#oice and hands it o#er to the co%pany which is running with all %odules of SAP. the dunning proposal can e edited4 deleted4 and recreated as often as re5uired a) true )false 1*. the dunning proposal consists of se#eral steps. the pay%ent ter%s of a credit %e%o usually do not apply and the due date is either the due date of the associated in#oice or the aseline date of the docu%ent a) true ) false 11.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 $$.

the dunning procedure for the ne/t dunning run in the custo%er %aster record 21. date of last dunning run in the custo%er %aster record . we can set a %ini%u% a%ount for the dunning charges on each dunning le#el 2). c.which is true a. the for% specification in the custo%er %aster record for the ne/t dunning letter e.when running the dunning progra% a.it is possi le to get the report of custo%ers created y user in a co%pany code a)true )false (nterest calculation 19 . the dunning le#el in the dunned docu%ent d. we cannot specify per dunning le#el that interest is to e calculated . the dunning procedure in the custo%er %aster record for the ne/t dunning run C ""es* n)en'e 1. we can recreate the proposal until the dunning cler.the a. interest can e posted at the ti%e of dunning 22. dunning procedure can process only standard transaction d. the last dunning le#el is e5ual to the legal dunning procedure a) true ) false 1. the date Ilast dunning run’ in the custo%er %aster record . one ti%e accounts cannot e dunned . %a/i%u% dunning le#el can e defined in the dunning procedure is four si/ nine 2$. we can assign two dunning procedures to custo%er %aster records c. we cannot print a dunning notice in a legal dunning procedure4 although no further account %o#e%ents ha#e occurred c. . we cannot delete proposal c. the dunning le#el in docu%ent for which dunning notices are created d. what infor%ation does a dunning run change a. the dunning le#el in the custo%er %aster record c. the dunning le#el in the custo%er %aster record c. we can edit proposal . fro% (layout set) specifications in the custo%er %aster record for the te/t in the ne/t dunning letter e. an ite% whose days in arrears are s%aller or identical to the grace period4 dunning progra% will consider the ite% for dunning a) true ) false 2&.. what is changed y the dunning run0 a. the dunning te/t for dunning le#el * is stored in te/t %odule *1* a) true ) false 1:.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1+. after co%pleting the dunning proposal list4 dunning data is updated in %aster records 21.is satisfied with result d. which of the following state%ents are false a.

what %ethods can you use to create chec-s0 ?a%e two ways of creating a chec-. a financial state%ent #ersion consists of %a/i%u% nine hierarchy le#els a) true ) false $. drill down report is a tool that ena les to analy6e su ledger transaction figures only a) true ) false 20 .$ :.can ha#e .printing progra%0 $. what are pay%ent ad#ice notes used for in the loc. what infor%ation do you need to create a new interest calculation indicator *. you can #oid a chec.o/ +. you can configure <.Cwo steps to define financial state%ent #ersions are a. we can calculate interest on 8.$ to calculate interest for custo%ers or #endors that owe you %oney.and re#erse the pay%ent docu%ent at the sa%e ti%e a)true )false ).ou cannot calculate interest4 howe#er4 if you owe your usiness partner %oney a) true ) false &.> accounts under interest on arrears %ethod . what is a loc.na%e the three docu%ents used in the pay%ent process 2.o/ process in <.without re#ersing the pay%ent docu%ent a) true ) false &. define hierarchy le#els and assign accounts 2. you ha#e to %aintain custo%er an.$ cannot calculate different interest rates ased on the a%ounts of alance or ite%s a) true ) false $. you can #oid a chec. on a gi#e account4 <.and re#erse the pay%ent docu%ent and the #endor in#oice all at the sa%e ti%e a) true ) false *.. .account %aster data %ust contain an interest calculation indicator for interest calculation to ta-e place a)true ) false 2. each interest id %ust e assigned to interest calculation type C unt"y s*e'i&i's 1. list the four statuses that a chec.$ ). na%e the two types of interest calculation in SAP <. "an you na%e the chec.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1. enter it in the directory of financial state%ent #ersion .details %anually in the %aster record to ensure that as %any inco%ing pay%ents are assigned as possi le Che financial state%ents 1. we cannot assign account group according to alance a) true ) false &. which of these state%ents is true a. you can #oid a chec.

it is a real pro le% in SAP J in financial state%ent #ersion J we are not a le to find the 8. indi#idual #alue adjust%ent for dou tful recei#a les are possi le through a.> accounts which are not assigned a) true ) false :. a) true ) false +.> transactions . to set up the financial state%ent #ersion in your co%pany4 %a/i%u% li%it is .ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 ). M(S reports ased on financial oo-s li-e ratios can e done through financial state%ent #ersion a) true ) false 21 . oth of the a o#e *. special 8. nor%al transactions c.

par-ed docu%ent .> accounts ).(es 1. noted ite%s d. general data4 co%pany code data4 purchasing data c. plant7di#ision7distri ution channel co% ination c. it is a co% ination of up to three fields ased on which open in#oices are selected for auto%atic pay%ent . asis for grouping se#eral #endors for alance display c. reclassify where de tors ha#e credit alance and #ice #ersa . plant7di#ision co% ination .AP4 following acti#ities are perfor%ed a. regular ite%s +. when you carry out regrouping through A<. sa%ple docu%ent c. general data4 co%pany code data4 usiness area data d. #endors and 8. account assign%ent %odel d. asis for classifying #endors for standard reporting d.custo%er d. chec. accounting for down pay%ent re5uest in#ol#es a. alternati#e reconciliation account %apped to the %ain reconciliation of #endor. if you do not want to enter a docu%ent with pro#ision for updating ledger on appro#al fro% authori6ed officials4 you can use following functionality a. plant7di#ision co% ination and sales area :.> accounts d.the #iew %aintained for #endor %aster data are a. statistical ite%s . recurring docu%ent *.custo%er &.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 Re'ei!$. plant7sales area co% ination d.custo%er . reclassify open ite%s y re%aining life c. usiness area is deter%ined for accounting docu%ents generated auto%atically fro% logistics %odule ased on a.custo%er c. #endors4 custo%ers and 8. reclassify y changed reconciliation accounts d. all of the a o#e 22 . general data4 co%pany code data . group -ey assigned to #endor %aster records control the following a. alternati#e reconciliation account and %ain reconciliation account of #endor.%anage%ent with respect to outgoing pay%ents is possi le for open ite%s for a. general data4 co%pany code data4 usiness area data4 plant data 2. par-ed ite%s c. #endors .(es $n) P$y$. offsetting entry to %ain reconciliation account of #endor. #endors and custo%ers c. the %ain reconciliation account of #endor. posting through a special ledger indicator affects a. it is a co% ination of up to three fields on which open in#oices are selected for %anual pay%ent $.

. custo%er4 #endor4 8. in a. custo%er4 #endor4 asset 1&. what are the different account types in SAP a. y reallocating in pay%ent proposal d. ran-ing order of house an-s . when you carry out auto%atic pay%ent4 an. line layout d. pay%ent needs to e %ade against in#oice with pay%ent loc-s created during in#oice #erification. dunning area 1).dunning d. in a. use dunning -ey to li%it the %a/i%u% le#el .on #endor %aster c.to loc. additional field 23 . use dunning cler. .ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 .>4 asset4 %aterial c. cannot e re%o#ed 11.> . ran-ing order and a#aila le alance in the accounts 11. custo%er4 #endor d. changing field entry fro% in#oice docu%ent c. d.on the dunning procedure 1*. d. use dunning loc. release loc. dunning procedure . sort #ariant . if you want to choose a different set of fields in a #endor account line ite% display4 you choose a different a. 12. totals #ariant c.can e re%o#ed y a. use dunning loc. if you do not want to dun eyond a particular le#el a. custo%er4 #endor4 8. when se#eral organi6ational units carry out dunning within a single co%pany code4 SAP entity used to distinguish and control the process is called a. c.through which pay%ent is effected is ased on a. Pay%ent loc. dunning clerd. SAP4 a ill of e/change recei#a le ite% is cleared during discounting the ill transfer posting with clearing re#ersal of contingent lia ility clearing of outstanding ad#ance fro% the custo%er which of the following processes do the original in#oices re%ain as open ite%s residual pay%ent partial pay%ent charge off difference distri ute difference 1$. dun-ing -ey c. . c.in MM . house an-s %aintained for specific usiness area c. house an-s entered in the para%eters of the run d.

when we ha#e regrouped the recei#a les. any one of the a o#e *.custo%er open ite%s . physical in#entory is an MM. real ti%e a) true ) false ).ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 P" &it $n) ( ss 1. through atch input session . only on alance sheet ite%s (8. direct 3( postings c. only on #endor. allocating costs to 3( through e/ternal settle%ent J the 8.> ut real stoc. depreciation posting can e e/ecuted a. when we are #aluating open ite%s4 without update for re#ersal of the adjust%ent7 posting after -ey date4 user can define another posting date in place of -ey date K 1 a) true ) false $.3oreign currency #aluation is possi le a.is adjusted in MM. oth of the a o#e 2.PP a) true ) false 24 .> accounts) c.PP %odule transaction and hence no accounting entry is passed in 8.#endors4 syste% carries out adjust%ent postings a) true ) false &.> is updated on line .

d 11. false 2. $. currency -eys *. c 1$. a 11.n 1). c &. a4 4c 12. a4 :. &in$n'i$( $'' untin% a4 4c d c a4d false B$si' settin%s 1. e/tend rather than replace 2. false 25 . a4 . etween 2 and * sessions . a4d $.. client 1&. %ar-et place4 wor. false *. a4 12. presentation ser#erE application ser#erE data ase ser#er 1&. in#ersion4 ase currency4 e/change rate spreads ). true +. 'W4 "<M4 AP=4 '2'4 S"M4 BW +. c 11. d 1$. usiness application progra%%ing interface ). a4 4d4e4f &. a4 4c4d $..ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 -EY mySAP Business Suite !e"!ie# 1. a4e ). 2. syste%2%enu 1*. the function is called user listE code is s%1& 11. . calendar year! 114 B14 B24 B$4 B&E year specific! AA4AM4<(49>4WB $. &.place N$!i%$ti n 1. ). a4 4d4f :. d *. () if start and end date of posting periods differ fro% year to yearE ii) if one fiscal year has fewer posting periods than the other (shortened fiscal year) &. 31 O!e"!ie# & 1. M7a#erage rate for posting and clearingE 87 uying rateE '7selling rate +. controlling area 1). false 2.

ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1*. operating concern 2*. docu%ent line ite%s $2. account group ). false :.code seg%ent4 purchasing organi6ation seg%ent 1&. co%pany4 consolidated usiness area M$ste" "e' ")s 1. group 21. internal 1+. hide4 display4 re5uired entry4 optional entry $. true 1. chart of accounts &. true &1. e/pense4 re#enue &1. 26 . B4A &$.code seg%ent4 sales area seg%ent 1$. year dependent $&. ta/ rate &2. four (accounting infor%ation4 pay%ent transactions4 correspondence and insurance (custo%er account) or withholding ta/ (#endor account) 21. true $1.. coa seg%ent4 co%pany code seg%ent 2. co%pany code4 coa 21. false 1*. purchasing4 plant 2&. false +. 4c4d 22. asset class 2. depreciation $1. true 2+. e/ternal $$. false 11.. general data4 co. true 2$. illing 2:. a. reconciliation accounts *. true . a 21. client 22. four character 1+. e/ternalE internal. true 11. false $. true $+.e/ternal 1.. true &&. true $). false 1:. general data4 co.. a4 2$. false 1). true 12. client $*. centrally 1:. 8<E in#oice #erification 2).. P=E . true $:.

false &1.. false $. true $). true $2. 4c $1. c 2:. :. false $*. )$. $. &:. co%pany code 1+. a &. 4c 2. range for each docu%ent type. true $+. field status 1). c &&. true &$. 2*. 2.E account types per%itted for postings e/ternal e/ternal false true false true you specify a no. &. c &+. c &*.. d )*. range can e used for se#eral docu%ent types . ranges for docu%ent nos. c )). 8. true 1&. a4c4d 2+. ).ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 2&. nt" ( no. *. a )2.> account 1*. )&. +. #alid for all accounts 27 .. hiddenE re5uired entryE error 12. d )1. year dependentE year independent &2. d D 'ument ' 1. false $:.. false $&. 4c $1. true &1. true $$. &).cr)E the field status of additional details 11. a )+. deter%ination of which account type can e posted toE side of the account (dr. field status group4 posting -ey 11. =ne no. de it4 posting -ey &1E credit4 posting -ey )1 1$. a 2). c )1.

false 22. is a co% ination of docu%ent no.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 1:. false 2+. true 1*. false 2$.. account clearingE post with clearing 2. true C(e$"in% 1. docu%ent header4 line ite%s $$. central purchasingE central pay%ent 1). ta/ation at national le#elE ta/ation at regional. false 2. false 21.> accounts 1. the cross co%pany code transaction no. 8. in 1st co%pany code4 first co%pany code no. . 11. false *. false 1+. true +. true 28 .. rules4 posting -ey4 ta/ accounts 1&. false P stin% ' nt" ( 1. cash discount clearing accountE cash discount loss account 11. ase line date . a4 c 2*. 22. true $2. a4 4c4d 2&. nor%al re#ersal postingE re#ersal y negati#e posting $. the co%pany code %ust allow negati#e postingsE the re#ersal reason %ust e defined for negati#e posting &. co%pany code4 sales area :. true 19. false $+. false $1. false 1:. all false 2). true $*. true ). cash discount re#enue accountE cash discount e/pense account 12.. true 2). a 21. a4 2$.. false 21. e/ternal $&.4 and the fiscal year 21. false 2:. $:. year dependent $). false 2&. user %aster recordsE para%eter %e%oryE syste% dataE account %aster recordE accounting functions 2. false $1.jurisdictional le#el 1$.

true 29 . true *. a 1). false 1.> account can e used for all currencies and currency typesE a single 8. 1+. true 12. false Aut m$ti' *$yments 1. true . para%eters &. true 1$. true S*e'i$( G+L t"$ns$'ti ns 1. false +.co%pany codeE an. true 1+. false 2$. account clearing :.countryE pay%ent %ethod. true 1*. true &. false ).> account can e used per currency and currency typeE a single 8. true 11. false +. pay%ent para%eters +.ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 $.selectionE house an-s $. residual ite% 11... all co%pany codes4 paying co%pany codesE pay%ent %ethod. a 1:. partial pay%ent 11. a4 1&. false *. true ). a4c4d 1). false :.> account can e used per currencyE a single 8. true 22. a4 4c 11. true 1. 4c 1*. ne/t posting date *. true 1:. a4 4c 12. a single 8.. false $. a 1$.> account can e used per currency type 1&. true 21. %aintain para%etersE proposal runE editing proposalE pay%ent runE printing pay%ent %edia 2. true 2. false 21. posting with clearing .. false &.

account selectionE line ite% dunningE account dunning . A na%e for the interest calculation indicator is useful ut not %andatory 30 .. false 2). %aintain para%etersE proposal runE editing the dunning proposalE printing dunning notices 2. true ). false 1. false $$. true +. false &. sales area Aut m$ti' )unnin% 1. false $&. false 1$. true &. a4 22. account alance interest calculationE ite% interest calculation (interest on arrears) *. true $. true $2. c 2$. false $. a4c 2). true 1&. account not contained in para%etersE ite%s are within grace periodE ite%s. ase line date $). false 2&. true 1).. true 11. a4c 21. false 2:. true $1. false 2*. false 12. true 2+. a4 4c C ""es* n)en'e 1. a 27character interest indicator and an interest calculation type. true 1*. false *. true $1. true 1+. true 1:. :. false 2. a4 4c 21.accounts loc-ed for dunningE o#erdue a%ount L %in a%ountE ite%s can e cleared with o#erdue ite%s on credit sideE M. false 11. true ). true Inte"est '$('u($ti n 2..ACADEMY: FINANCIAL ACCOUNTING FI PAPER – 15 2&.

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